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Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for
Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $500. She does not have $500, but she could buy it with $50 down and pay the rest in 6 months with 14 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Amount saved 82.50 X
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